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Intel spins off McAfee, sells majority stake to TPG

2016-09-08 09:07:00| Telecompaper Headlines

(Telecompaper) Intel has sold a 51 percent stake in McAfee to TPG for USD 3.1 billion, with the total business valued at USD 4.2 billion. The unit will be spun out of Intel Security, keep its McAfee name and operate as an independent cybersecurity company. Chris Young, Intel senior VP and Intel Security general manager, will lead the new company. Intel will retain 49 percent of the company after completion of the transaction, expected near the second quarter, subject to regulatory and other closing conditions. Intel bought McAfee in 2010 for USD 48 per share cash, or a total of USD 7.68 billion.

Tags: majority intel sells stake

TPG, MyRepublic apply for Singapore mobile licence

2016-09-01 17:37:00| Telecompaper Headlines

(Telecompaper) Three companies have applied to become Singapore's fourth mobile operator, the InfoComm Development Authority of Singapore announced. These are Australian operator TPG Telecom, French businessman Xavier Niel's local company MyRepublic and the company AirYotta, led by former executives of OMGTel.

Tags: mobile apply singapore licence

TPG to buy RCN, Grande Com for USD 2.25 bln - report

2016-08-15 09:07:00| Telecompaper Headlines

(Telecompaper) Private-equity firm TPG has agreed to buy US cable operators RCN and Grande Communications for about USD 2.25 billion including debt, people familiar with the matter told the Wall Street Journal. Google Capital is taking a minority stake in the companies, which are currently owned by private-equity firm Abry Partners, some of the people said. The transactions could be announced 15 August. RCN provides cable, phone and internet service on the East Coast and in Chicago, while Grande offers the same services in Texas. Grande and RCN have shared management and other resources since Abry agreed to buy the two companies in 2009 and 2010, respectively. Their management, including CEO Jim Holanda, will stay on after the sale, the report said.

Tags: report buy grande usd

Phillips Edison Grocery Center Reit II, Inc. and TPG Real Estate Announce Partnership

2016-03-24 08:51:13| Trucking - Topix.net

The Partnership will invest up to $250 million of equity and plans to leverage this capital to achieve a $750 million acquisition target. The Partnership will initially acquire six grocery-anchored shopping centers and will focus on growing the platform through add-on acquisitions located in fundamentally strong markets that present attractive return potential through operational and capital improvements.

Tags: real center estate partnership